TechFlow News, February 5: According to The Block, Binance has clarified that a cease-and-desist notice widely circulating online is fake. The notice allegedly targeted an individual who accused the exchange of being insolvent.
On Wednesday, social media user Lewsiphur claimed on X that Binance was insolvent and warned that this would have “catastrophic” consequences for the market. The user then stated they had received a cease-and-desist letter from Binance and attached an image of a document. Binance’s official customer support account responded: “This letter is not from Binance—it is a creatively forged document.”
Rumors about Binance’s insolvency have been circulating repeatedly over recent weeks, often linked to the October 2025 cryptocurrency market crash. Binance co-founder He Yi stated that although some users initiated withdrawals, the assets held at Binance’s addresses actually increased.
